Neo Residency: a new era

Hi Neo family! Today we unveiled Neo Residency, a new program for startups and high-agency student teams.

We’re replacing our best-known program, Neo Accelerator, with something even better and more selective.

We back extraordinary people with extraordinary benefits. Here’s a summary:

• 🌆 3-months in SF workspace

• ⛺️ 2-week Oregon bootcamp

• 💙 1:1 mentorship & long-term community

Startup funding

• 💰 $750K uncapped

• 🖥️ $450K+ in compute credits

• 📈 Neo gets participation rights up to 5% in next equity round.

Student funding

• 💰 $40K grant per person

• 🖥️ $100K+ in compute credits

• 📈 If you become a startup, we’d want to invest on the terms above.

In addition, we give every founder and student in the program a profit share in our fund, to align incentives with each other’s success. For more details, see: Neo Residency.

This program is intentionally even smaller and more selective than our past cohorts: 12-15 startups and 5-8 student teams.

We’re more confident than ever in our ability to attract and identify superstars, having led seed rounds in Cursor, Kalshi, and more. We’re betting on ourselves and investing more capital in a more concentrated cohort.

Four years ago, we set out to reimagine the startup accelerator. Last year, we offered college students a new way to bet on themselves.

Today, we’re replacing both Neo Accelerator and Semester in SF with a better, unified Neo Residency: bringing together the strongest startup founders and students into one cohort, where each will benefit from the other’s presence.

Working side-by-side with each other, high-conviction founders and ambitious student builders will inspire each other to aim higher. This builds on our tradition of bringing together superstars of different generations.

The best and most important aspect of any program is the people. Our mentors include founders and operators from iconic companies like Airbnb, Cognition, Dropbox, Figma, Ginkgo Bioworks, Google, Notion, and OpenAI. In total, we have more than thirty mentors (for a cohort of twenty teams).

Do you know a startup founder that’s destined for greatness? Help them maximize their potential: share this with them.

Apply today to Neo Residency. We’re admitting teams on a rolling basis, so don’t wait.